Dubai-based FinTech Hive just selected two African FinTech startups for its accelerator program – Amplified Payment System from Nigeria, and PaySky from Egypt.
Kicked off last week in partnership with Accenture, the accelerator program claims to be one of the largest FinTech accelerators in the Middle East. It has states that more than 300 startups have applied to join the second edition of their program this year. Out of those 300 startups, only 22 were selected.
These startups will get a chance to work with financial institutions and other stakeholders to come up with innovative solutions to contribute to shaping the region’s financial services industry.
Curious about the selected African startups? Here’s a brief on them.
Founded in 2015 by CEO Segun Adeyemi, the Nigerian startup Amplified Payment System helps businesses accept and manage recurring payments online.
On the other hand, the Egyptian startup PaySky is founded in 2016 by CEO Waleed Sadek and is headquartered in Dubai. It offers a range of payment solutions to financial institutions and merchants which include mobile point of sale, smart point of sale, QR code payments and in-app payment APIs.